I.R.S. Delays Tax Change for Users of Venmo, Cash App and Other Digital Wallets
Users who receive income through digital payments will have another year before having to comply with a new tax rule that had sowed confusion and concern.
Posted inHouse Committee on Ways and Means Income Tax Internal Revenue Service Koskinen, John A Neal, Richard E Rettig, Charles P Trump Tax Returns Trump, Donald J United States Politics and Government
I.R.S. Routinely Audited Obama and Biden, Raising Questions Over Delays for Trump
The revelation that the agency had not audited Donald J. Trump during his first two years in office despite a mandatory presidential audit program raised concerns about potential politicization.
Posted inE-Commerce Income Tax Internal Revenue Service Law and Legislation Mobile Commerce and Payments Treasury Department
New I.R.S. Rules for Online Sales Sow Fears About Surprise Tax Bills
Users of digital wallets and e-commerce platforms like Venmo, CashApp, Etsy and StubHub must start reporting small transactions.
Posted inBureau of Economic Analysis Consumer Behavior Federal Reserve System Gasoline Tax (US) Income Income Tax Law and Legislation Personal Finances Prices (Fares, Fees and Rates) Rebates and Refunds Tax Credits, Deductions and Exemptions Taxation United States Economy
State Tax Cut Policies Prop Up Income, Fanning Inflation Worries
Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.